The world's local bank
HSBC tops the 2009 Carbon Disclosure Project
7 October 2009
HSBC has been rated number one in the financial sector and third overall in the 2009 Carbon Disclosure Project (CDP). The CDP promotes awareness of business implications of climate change by encouraging the world's leading companies to disclose information about their greenhouse gas emissions.
HSBC's leading position demonstrates the company's approach to:
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Taking effective action to manage risks and capitalise on new opportunities arising from climate change;
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Implementing carbon reduction activities that deliver demonstrable results; and
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Forward planning around expected regulation
HSBC Holdings plc appears in the CDP's Global 500 Report, which this year received the highest response rate ever from corporations (409 responses, representing 82 per cent of the Global 500, up from 77 per cent last year), and a doubling of response rates in the BRIC countries (Brazil, Russia, India, China).
Simon Martin, Head of Group Corporate Sustainability, said: "HSBC's position in the Carbon Disclosure Project highlights our growing understanding of the risks and opportunities presented by climate change. We are pleased to be recognised as the leader in the financial sector and will continue to implement effective carbon reduction initiatives throughout HSBC."
This year, HSBC announced an ambitious target to reduce carbon dioxide from business travel by 20% by 2012. This will be achieved through investments in cutting edge, green communication technologies such as tele-presence, videoconferencing and WebEx.
Media enquiries to:
HSBC
Brendan McNamara
Telephone: +44 20 7991 0655
Email: brendan.mcnamara@hsbc.com
Carbon Disclosure Project
The Carbon Disclosure Project (CDP) launched in 2000 to collect and distribute high quality information that motivates investors, corporations and governments to take action to prevent climate change. The CDP represents over 470 global institutional investors, with more than US $55 trillion in assets under management. As an independent not-for-profit organisation, CDP collects key climate change data from 2,500 major corporations around the world.
The full Carbon Disclosure Project 2009 Global 500 Report can be downloaded from www.cdproject.net
The HSBC Group
HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from around 8,500 offices in 86 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. With assets of US$2,422 billion at 30 June 2009, HSBC is one of the world's largest banking and financial services organisations. HSBC is marketed worldwide as 'the world's local bank'.
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